dram accounts for more than 70% of micron's business.announced during the time of announced during the time of the pandemic, we developed and just a few weeks ago, we announced our alpha dram technology nodes, the most advanced by any supplier in the world. micron during the pandemic has been working hard on positioning itself to emerge stronger as the industry leader on dram, which we are now ramping up into production and will be continuing to do so through the remainder of this year as well as next year. we actually made some capex investments that we made at the peak of the pandemic in 2020, knowing this is what will be needed in meeting growing demand. however, no question growing demand from all segments of the end market, intelligence edge and smart user devices, all of these are requiring more dram memory. yes, dram is in tight supply at this point, and we expect supply shortages to continue to be tighter through the rest of the year as well. as we look ahead at 2022 as well, we see that the world economies will be rebounding, an

hear the server dram contract is -- having said that, starting to hear the server dram contract is movingo in my mind, that's the first sign we have really bottomed on the dram side. spot pricing the last couple of weeks is starting to rebound. large cloud customers, who are an important point of demand for dram, have increased their buying. while there's not quite as much visibility there, yes, i think we have seen a bottom. paul: we have micron shares up 60% from their july. how much further do you think they have to run? >> i have a price target of 65, which is about nine times my prior eps estimate. that, however, only assumes gross margins in the mid-40 range. last cycle, the margins topped out at 60%, so i would say there is certainly room to move up in the mid 60's, and if you have a relatively strong cycle this time around, i think my estimates could certainly go up from where they are right now. taylor: matt bryson of wedbush. thank you for joining us straight from that analyst call. plenty more global stories when we return. this is bloomberg. ♪ taylor: now to our weeklong serie

>> dram accounts for more than 70% of micron's business.e announced during the time of the pandemic, we developed in just a few weeks ago, we announced our dram technology notes, the most advanced by any supplier in the world. -- dram technology nodes. micron has been working to position itself stronger, and we are now ramping up into production and will be continuing to do so through the remainder of this year as well as next year. we actually made some capex investments knowing that is what would be needed in terms of demand. however, no question that all sectors are requiring more dram memory. yes, dram is in tight supply at this point, and we expect supply shortages to be tighter through the rest of the year as well. as we look ahead at 2022 as well, we see that the world economy will be rebounding, and the secular demand trend -- again from data sectors to smartphones to pc's to automobiles to intelligent devices -- this trend will continue on, driving more need for dram memory. we hope this continues to bring technology nodes to conti

think the dram problem is surmountable. cuts they have in place could potentially offset growing demand from the cloud. we are a little more skittish on nand. the reason for that is basically this is a commodity industry where supply and demand balance drive pricing, which in turn drives revenue and profitability for companies like micron, samsung. the interesting thing is the cloud server demand has been lumps. to buy in we are in the dark period right now. we are hoping demand comes back in the second half of 2019. in the case of nand, which is the memory used to store images c., itdeos and music, et is heavily driven by the mobile phone segment. there high-end phone demand is weak and high-end phone capacity is a very high. we think nand has a bigger problem than the ram -- then dram, but we are concerned supply cuts are insufficient to balance supply and demand in the second half of 2019. guy: before we come back to the subject, this is worth highlighting. we just had breaking news over the last minutes. the ex-presiden

will expand the currency section with the exchange spot swap contracts for uzbek amounts, armenian dramnd south african rand transactions will be carried out on 5 rand currency pairs with ruble and dollar, dram also with ruble and dollar and amounts only with ruble. european commission president warns eu countries against returning dirty energy source austria holland germany has already decided to reopen coal-fired power plants amid declining gas supplies from russia we must make sure that we use this crisis to move forward and not to fall back on dirty fossil fuels we are walking a tightrope and that we make the right choice is not predetermined the us is going to shorten its supply chains and create alternative sources of critical goods for said the minister of finance. united states janet helen she cited rare earth metals from china as an example, their share in the us market is almost 80%, and washington does not want to depend on countries for which there are geopolitical concerns, including continuing to work on creating a map or buyers of russian oil to try and limit its value. w

the leading chipmaker says the latest dram has the same capacity as the 30-nanometer class dram introduced in july last year... but the latest technology offers a 50 percent improvement in productivity and reduces energy consumption by 40 percent. this has placed samsung's technology around six to 18 months ahead of its taiwanese and japanese rivals... which still produces 30 or 40-nanometer class chips. the industry's second- largest chipmaker, hynix semiconductor also based in korea is trying to catch up... as it plans to develop and start producing 20- nanometer class chips by the end of this year. meanwhile, the world's number three dram maker, japan's elpida memory announced earlier this year that it will start producing 25 -nanometer drams... but that still hasn't happened yet. meanwhile, samsung also began operations of the world's biggest memory fabrication facility, the line-16... which is producing nand flash memory devices... and boasts a size equivalent to 28 soccer fields. experts predict samsung's recent success of producing the 20-nano class drams will redeem the company's s

it is the big of the marriage of drams in the world.as been there for years and years and years. no new capacity has been added in some time and that's aloud random access memories which have been falling in value to stabilize in price, and maybe even increase a bit. this week micron took a real header, why? because it's competitor is rumored to be building a new dram factory. just the rumors set the stock down gigantically because it could put the dram market back in equilibrium ors are worse, oversupply and it was all it took. similar similarly, seagate, and -- as neither they nor anyone else saw much of a need for new one given the decline in pc sales and the flash memory, a competitive form of chip, but get this, just the idea that a dram factory might be built sent these stocks lower for fear that it might lead to new disk drive capacity, that is guilt by supplies is yagz. yet, you don't need to be an econ major to understand stocks and if you don't understand supply and demand then you'll be mystified about how stocks move and a m

costs, plus 10,000 drams for utilities expenses.orcibly displaced brothers and sisters contact the bank as soon as possible and open accounts. on the territory of karabakh itself , the azerbaijani manat will soon be in use. baku today presented a plan for the reintegration of the republic. first of all. to complete the disarmament process, develop the economy, entrepreneurs are promised benefits and continue contacts with the armenians of the region, they are guaranteed the right to preserve and develop culture, religion, and the opportunity to use the armenian language. we have completed our main task: we restored our territorial integrity, which was violated for 30 years, we survived aggressive occupation and ethnic cleansing, it was a tragedy for our nation and a huge... humanitarian disaster. our experience in restoring territorial integrity and sovereignty is unique in its own way. we have put an end to the conflict that was imposed on us. in addition, its head, samval shahramyan and a number of officials still remain in the re

they dram, nice of never having the time when there would be burn, fee to interpretation in europe in order to fulfill this, jim was to peaceful european. this can be done only with ukraine and by a show also, you probably remember when we worked for such a great and important step for our country as the candidate status for ukraine, ukraine's membership in europe in union. i'm not sure that to you. that's for our people, it's really important for our people, why it is a motivation, what it is, a motivation to us to defensive. so always say, 1st of all and consequently the entire europe, again, the biggest anti european forces in the world to why, why this notation ukrainians at the battlefield, defense pacifically, those values that europe has got united on and keeps uniting and we cannot lose it. so every 2 years that they've got a union between ukraine and the european union inspires our people and they give a result to the entire us. it gives the result to our society more in order to get us to defend against the, our joint enemy. but of the will, so the next logical step, electri

costs, plus 10,000 drams for utilities expenses.rtant that our forcibly displaced brothers and sisters contact the bank as soon as possible and open accounts. on the territory of karabakh itself... soon the azerbaijani monad will be in use. baku today presented a plan for the reintegration of the region. first of all, they are going to complete the disarmament process. we have restored our territorial integrity, which was violated for 30 years. it was a tragedy for our nation and a huge humanitarian disaster. our experience in restoring territorial integrity unique in its own way. we have put an end to the conflict that was imposed on us. baku intends to develop the economy of karabakh; entrepreneurs are promised benefits. does the system of azerbaijani tv channels and radios, wages and social payments for armenian leaders and military personnel, applied throughout the country, have already begun broadcasting in the region, guarantee respect for their rights? regardless of ethnic, religious or linguistic affiliation, equality of rig

it is all about dram, dynamic random access memory. into computers, electronics, accounts for more than 70% of micron's revenue. morgan stanley is concerned about where that market is heading. to have that concern pop-up at a time when, as you mention, companies increasingly have to wait for their chip orders, that certainly gets your attention. in the dram market, prices are kind of flat the last few months, which tells you there is perhaps not the same sort of supply-demand imbalance we are seeing in chips more broadly. not everyone figures the dram market is headed for a fall. rosenblatt securities figures the issue is overblown. when you look at analysts, micron has 28 by ratings, six holds. clearly, analysts are very positive on this company, even with the backdrop being what it may be for these dram chips. amanda: how has the morgan stanley call and other sentiment issues -- because we have seen chip stocks falling for a couple of days as a group. what is driving it, how is it playing across the space? dave: no question. the phil

dram specifically, yes.lieve it is a combination of both demand declining and falling confidence. i think a lot of the market did not anticipate that disruption because of the trade issues. the supply chain got disrupted. dram is a terrible market. the facebook's of the world went out yesterday and spread the blame. david: shipments fell last year. to they continue to fall this year? does that affect pc shipments? does the dynamic relationships to hold? >> there was a 7% decline in all units, largely driven by china. china is about 400 billion out of the 100 billion market. china's problem was less to do with what happened in the fourth quarter. seeing six quarters of declining smartphone volumes in china. they all went into 216 and 2017 with aggressive promotion. the chinaecasting -- it should have stabilized. can it go to 385? yes, it definitely can. flat, you start getting stabilization. apple has 10% decline in units. david: what to the apple numbers tell you. we do watch them very closely because of the

scarlet: people want to look at the dram part of the business.ceived earnings from two big ai chip related companies. it has been fairly mixed. to some extent that reflects how sentimental were these ai plays and this ai narrative has stalled. how high or low do you think expectations are? how high or low is the bar following what we heard from nvidia? melissa: it will be really interesting. the goal will be for them to meet or exceed expectations and provided outlook that exceeds where the current market is in terms of consensus. what i have been seeing in the space is companies that do not do that have really not seen much movement in their stocks or may even see some downward pressure in the stock price. scarlet: how specific do you expect micron to get when they given outlook? that has been one of the knocks against these companies. they will be generally optimistic rather than pinpoint optimistic. melissa: it is hard to call that. i will be listening on the call to hear specifically about what they said about next quarter and what they expec

the minimum wage in armenia is 68,000 drams, while the food basket is 70,000 drams, if translate into this is about 420 rubles. prices are steadily rising according to statistics for the last year, the biggest price increase for bread, but for the last month for vegetables, as far as food is concerned. we must understand with you that logistics is changing, the entire supply chain is changing. and it all becomes more expensive, and we understand that what used to cost 2 rubles. 50 kop. conventionally, it now costs three rubles, because 50 kopecks. our importer additionally spends on e, logistics for customs clearance on some other aspects and he has to from other reserve places in others. zincs bring goods for consumption within our country, in general, yerevan is visually everyday yes, there are many tourists, but the locals are building houses , repairing roads and preparing for winter. it starts later than the calendar. we work for us to prevent you. tell us how you work. orders someone to arrest. and to check the car or so on, yes, but in belarus the sanctions are the european uni

in white, we are looking at the memory,ry -- at dram the kind that goes into computers.ing back to 2014, the cycle of dram going down, the stock going down, and then in 2016, the bottom end. dram started to trend back down well ahead of the stock in 2018, but that appears to be putting in a bottom, so lots of hope there. on earnings, but what do they say about the outlook? abigail: interestingly, they guided a little softer for their fiscal fourth-quarter that they will be reporting at the end of september. i say that because it is down 86% from the fiscal fourth $.46 perf 2018, at share. look at that fiscal fourth quarter of 2019 and the first quarter and second quarter of 2020. it looks like a lobar. in addition, the company indicated that the dram memory we were talking about, there's the idea that maybe excess inventories are going to be removed. so again, returning to the idea of that roller coaster chart we were looking at, investors want in on the possibility that we are at the bottom of a cycle that is going to start to move higher. perhaps the stock will go sign

they promise compensation for housing costs and rent , a family of three can receive up to 450,000 dramsu can rent a house, but it’s impossible to live, housing alone costs 300,000, here, in the villages, it costs at least 200,000 grams, but for 100, for 100,000 grams, a family cannot eat and pay for utilities there. foundations, volunteer organizations and commercial structures are launching their assistance programs, including russian. gazprom armenia has already helped over half a thousand people, paying for their rent and housing and communal services. arrangement, housing, rental housing, the company takes care of all this, the program is for 600 families, plus 1,700 families are registered, practically families, i want to say. haykopovskaya wholesale base is the largest in yerevan. journalist and blogger mika bodolyan came to buy a hundredweight of buckwheat, flour, rice and sugar; with his like-minded people, he prepares humanitarian kits for refugees every day using donations. these are not only armenians, they are also russians they send, as if everyone got involved, all the peo

the minimum wage in armenia is 68,000 drams, while the food basket is 70,000 drams, if translated intoones. this is about 420 rubles. prices are not steadily growing according to statistics over the past year, the prices for bread have risen the most, but over the past month vegetables as far as food is concerned. we must understand with you that logistics is changing, the entire supply chain is changing. and it all becomes more expensive, and we understand that what used to cost 2 rubles. 50 kop. difficult now it costs three rubles, because 50 kopecks. our importer spends additionally on e, logistics for customs clearance on some other aspects and he has to from other reserve places and others. to bring goods for consumption within our country in general yerevan is visually everyday yes, there are many tourists, but the locals are building houses repair roads and prepare for winter. it starts later than the calendar. we work for us to prevent you. tell how to work the prosecutor writes someone to arrest and check the car or so on. yes, and in belarus sanctions are the european union a

i didn't learn much and just for euros or 405060 drams a day because you can the, the high did i spend half my life on the street. i don't know how things are going to turn out. it may end well or it may end badly. good. how do i might even die. ah ah ah ah, oh, i had to do it when i got here. so i called my mom to tell her that i was okay a little behind. but she knew that i'd make it because i'm already a young man that she loved to see me again and that she's waiting for me to come back. and when i do, she'll say my son acted like a real man. me a lot of take a lot of my relatives have called me to find out how far i've gotten, how they'll start calling again soon. and i'll tell them that i'm headed for madrid . god willing me a ah ah ah. the better this is not when i got off the bus yesterday. i had no idea where i should go. i found some moroccans and they helped me get i got something to eat. and then i went to the juvenile center to have some friends in it. and they gave me a few clothes and then we walked around the city. if you might just today, i went to a police station to r

i bought one piece for 10.000 drams.you do before this business and you know that you lived in germany for some time. i was born in iran at 20 went to austria to study. i returned to armenia at the age of 60. at first we had a printing house. there are many books here, then i decided to open a business. already 19 years old. i live here. and maybe an indiscreet question. why do so many people today leave for germany or other european countries? they practically live there, well, until retirement, and then they return. well, to my historical homeland, where the roots of germany and messi are already, they would like to go without in germany. i worked neurosurgeon, then neuropathologists, armenia when i arrived, just stopped on my feet in europe, life is interesting and easy to earn, and in the countries of the former soviet union, including armenia, heavy work needs to be done. eh, the territory of armenia is smaller than belarus , for comparison, ours, the minsk region is larger here. about three million people live here

. >> translator: the price of dram chips has plunged to one third of what it was a year ago. the yen's unprecedented strength and last year's floods in thailand also affected the company. the environment surrounding us has deteriorated rapidly. >> japan's only dram chipmaker and the world's third largest, elpida received public funds after the financial health worsened following the lehman shock four years ago. the company has been seeking a possible tie-up with u.s. and taiwanese chipmakers buthe falling yen has added to its financial woes. the japanese government has also been reluctant to extend its support beyond march without fundamental restructuring of the firm's operations. following the bankruptcy filing, stock exchanges in japan and taiwan have decided to delist elpida's shares. let's look at other asian markets that are open th hour. >>> all right. that is the latest in business. back to catherine now. >>> let's go bangkok to find out what's making headlines in the region. >> afghanistan days of chaos and outrage following the burning of the koran by u.s. soldiers

friends house go in in nashville beat the cheery british actress child of dram bling will receive the honorary bear for her lifetime achievement and seven off the seventeen movies running for a golden bear were directed by women are a cut and a milestone for an a list festival. which our viewers on p.b.s. in the united states and over around the world welcome we begin the day weighing the words of u.s. president donald trump and last night he delivered his second state of the union address and just like last year much of the world wanted to know would we be seeing and hearing a teleprompter drunk or a twitter trouble but the u.s. president he appeared to stay on script for most of the eighty two minutes he spoke one of the longest state of the union addresses ever most of it tom is dedicated to domestic politics and issues it was only around a minute seventy that trump turned to foreign policy and that was the moment when he got the world's attention by announcing a second summit with north korea's leader kim jong un for later this month in vietnam take a listen if i had not been elec

dram and micron went up. last year, dram started to take down.see dram back down towards those 2016 lows. let's check in on more global markets. we are going to see the stoxx 600 tech sector really not participating in what we are seeing in the u.s.. the nikkei had a down session. crude oil bouncing higher on a positive report out of the api. gold getting a bit of a breather, down 1.1%. no breather insight for bitcoin. let's take a look at a year-to-date chart. this is really pretty extraordinary. a parabolic uptrend, up 250%. according to physics, at some. point this will not hold think about gold -- at some point, this will not hold. think about gold and silver in 2011. guy: it will be interesting to see how this one ends again. we will watch with interest. thank you. coming up, we hear from the mayor of orlando, florida on how the city's massive growth is affecting its fiscal health. that is next in muni moments. this is bloomberg. ♪ guy: from london, i'm guy johnson. vonnie: from new york, on vonnie quinn. this is "bloomberg markets." guy: ah

shows essentially dram pricing, dynamic random access memory. that is what we talk about when we talk about memory in a computer. in the most recent quarter and mix up around two thirds of micron's revenue. you can see dram prices have been falling, and they historically tend to fall as new technology capacity comes into the market. what is interesting, look at the blue line. micron shares have gained traction in recent weeks. you have seen a number of people on wall street saying look at the second half of 2020 and the key themes we talk about when it comes to chipmakers. increased spending on data sensors, i.t. infrastructure, and new phones that should drive a rebound in dram pricing, and that should ultimately, analysts say, lead to increased profit for micron any long-term. a beat on the top and bottom line and the fiscal first quarter. looking like a worrying picture for fiscal second quarter. we will want to hear more about that on the core -- on the call, as well as huawei. we want to know whether micron can do business with huawei going

housing is corroded the surface all eaten away what's needed is a new part but that cost several $100.00 drams or he can try the garage across the street. what follows is an introduction to moroccan improvise ation involving advanced aluminum welding the welding wire comes from an old alternator housing and it's all done freehand. after a few minutes the corroded hose connectors are welded. they grind off the excess material. for her theory. now they only need to put together a seal and the thermostat housing can be reinstalled. the entire repair takes half an hour and costs around $6.00 euros. minutes mercedes is good to go. up in morocco a lot of people live with all their cds and make a living off them but if the us already have their way that won't be the case for much longer other countries baracoa is fighting air pollution the state pays taxi drivers half of the purchase price if they buy a new car even so most cannot afford to replace their vehicles and cannot get a bank loan for us meant a new car is out of the question for me i'll be the last one to get rid of the car repair is the tr

i didn't learn much and just for euros or 405060 drams a day. now you can the, the high did it. can i spend half my life on the street? i don't know how things are going to turn out. it may end well or it may end badly. good. i do think i might even die. well, it's me. ah, ah, oh, i need to d p d when i got here. so i called my mom to tell her that i was okay, a little bon g, but she knew that i'd make it because i'm already a young man. i have a lot of. she'd love to see me again and he has done that. she's waiting for me to come back. and when i do, she'll say my son acted like a real man. see me take a lot of my relatives have called me to find out how far i've gotten have they'll start calling again soon and i'll tell them that i'm headed for madrid. god willing to choose, choose or choose the better knowledge of it. it's not when i got off the bus yesterday. i had no idea where i should go. i found the moroccans and they helped me get. i got something to eat. and then i went to the juvenile center to see some friends in it. and they gave me a few clothes from that, and then

federal reserve chair, dram pals, hes getting high inflation under control. it's vital for jobs. there's date with headlines, more news coming up here and on to 0, right after witness february on i'll just either china host the winter olympics, but we'll diplomatic boycott on the corona vibrate. overshadow the event rigorous debates and unflinching questions. up front cuts through the headlights to challenge conventional wisdom. al jazeera keeps you up to date as mation, tackle the over club barrier, amid continued vaccine inequality. one 0, one east investigates how breaks the pandemic and changing tastes are causing the great british curry crisis. the african union hope it's 35th ordinary session. a 1st with israel as an observer state with several nations campaigning against israel status and person issues across the continent. there is much disgust february on a jessina a bundle on spring festival is around the corner. and the single girls have begun to worry about being annoying inquiries about marriage from parents and relatively they can turn to the internet that allows th

drams, disk drives, why are these doing so well, rick? >> well, so i can't speak to drams too much.re in the nand flash area and more of the products we try to design into the industrial base. so as far as the really volatile volume dram market, can't give you much perspective there. but we do play in certain segments of the microprocessor and hard disk drive space. it's not been dropping off a cliff for us. >> now, typically in this period, i'm used to hearing avnet. you talk about the seasonality on the conference call, but usually europe shuts down, i'm always nervous, but you declared a dividend yesterday. you guys canceled your dividend a while ago because i think you didn't have that kind of visibility. this is not the thing that i would expect from avnet which is always worried about its visibility these days. what happened? what gave? >> so, jim, we've talked consistently over many quarters about our capital allocation strategies and we've talked about we always like to prefer to invest in growth wherever we can. we've done some buyback recently as we've talked about on prev

at the temple , a hundred drams of holy water dripped with this sweetest steep and flaunts daughters,already prayed and coldly fell down prayer with the belarusian earth angry. alsu was founded to the song and everything is not a soul allows. about love what have you done? is there the most promising position for defeating the enemy of those who are silent and watching while being, perhaps the target, this is the easiest way to get what you want, or is there another psychological company, if you call yourself independent, then show your independence. show faith in what you do. ksenia lebedeva's project is different, watch it on belarus 24 tv channel. they like to live in woodland 13 years ago. we came here as a family, we wanted to buy ourselves summer cottage, but they decided to buy a small village here, they found themselves and their business and got on the laying, not only ran away and kissed the children. we do almost everything together. well, not true, he mows the grass. igor, i don’t take a scythe with us. it has never worked out yet. my goal is to pass on the history of my n

the dram is no longer random. it's logical.m line, i'm willing to give micron my blessing for speculation only but it's not for the faint of heart and if you're going to own it you have to be ware that at any moment the ax could come down. i would pay very close attention to the yellow cautionary flag here because the new capacity could be deadly to dram pricing. but if you're willing to take the risk, i do think there's probably some more money to be made in micron before the punch bowl takes taken away. >>> all right i need to go to sarah in my home state of new jersey. sarah. >> caller: hey, jim, booyah. >> booyah, sarah. what's up. >> caller: what's your thoughts on integris? they just reported. >> oh, man, geez. you got me in a stock you know i liked a long time ago. have to look at it again. i spent a lot of time prepping for that and i'm not going to say anything until i spend more time on it. i'm going to go to steve. steve in vermont, steve. >> caller: hey, jim, how are you doing? >> i couldn't have the ice cream. i'm

be a women's ballerina francesco winner juliet in nashville leave the jury british actress charla dram going receive the honorary bear for her lifetime achievement and seven off the seventeen movies running for a golden bear were directed by women records and a milestone for an a list festival. and it's a woman who's kicking off the movie marathon danish director will open the festival with her film the kindness of strangers in it she tells the story of a group of people who meet during a cold york winter. and the anyone sends for you. this year is barely not a set of brits women festival director due to a costly excess it's a reaction to the gender equality thanks. but tilly. of course this is partially a result of the ongoing debate. our views have expanded and we're learning to question things but i have to stress that we didn't include any films where we weren't convinced of the quality from the. german films are also well represented at. one powerful entry is by prize winning direc. hakim in the golden globe profiles in notorious serial killer. we. know. this man will be lending t

while i expect the price decline the solidi believe demand of dram would support some songs numbers inond half. david: since we are talking about numbers, a graphic to break these down. you is thee up for revenue breakdown for the last quarter. i want to understand how this revenue changes moving ahead without softer chip prices, for example. help us understand that. >> ok. know samsung has not disclose the breakdown of the second quarter yet, but we weaker revenues suggest that the smart phone sales were down quarter on quarter. in the meantime, the market numbers suggest there is still solid demand for dram, so i believe semiconductors performed flat or above the previous quarters, so in other words, the smart phone dragged down profit and revenue, which compares to the previous quarter. david: in terms of the currency hit, can we expected the won two weigh on international business? it is awell, since green company, the weaker won would support competition with companies like micron. in the second quarter, the impact of the currency is limited to second-quarter results. david: thank

okay, bake, you need to bake, because you can't eat fatty things, this is for mashed potatoes and drams, great, everything is packed inside, and this is already yours on the outside, thank you, thank you, lukashenko invited putin to his small homeland, where he grew up, where he went to school, it's so clean in general, if it weren't for the journalists, they would have dipped in, you can dip them, or you can ihovic, do you hear us, i hear you, i hear you, who is this, all yours from the kremlin are with you, your friends from the kremlin, good, good, always the longest meetings and negotiations, we are still with you. we have definitely earned the salary that we are paid. putin and lukashenko began to discuss and resolve issues of joint defense of the two countries back when it seemed to most that there were no threats. this group will be the count of our fatherland, common in the west, in the western direction. the most will be concentrated here. before his trip to vladivostok, putin will visit mongolia 85 years. thank you pavel, i say goodbye to you this week, and we will see the vie

>> one area is high-performance dram. we've seen activities pick up and memories down.mory has been doing well and we expect investments to continue for the rest of this year and if you look at where memory customers have announced results, high-bandwidth memory brought some back to profitability. dram will grow and we are seeing additional investments starting this year and next year. tom: you are stepping down as ceo and moving on in may. what is in store? how challenging do you think the year will be for the business? >> in terms of strategy and the way we operate, investors should not expect changes. our strategy will continue and technology development is the core of the company because we partner with customers to develop technology. that is the core of the company. the succession of me is something we planned. we brought him from the management board so it is all planning and for me it was a personal decision to do something less intense and focus on other activities. i will continue to help the company in the role of advisor and we issued a press release that we

cars like this dog dram now cost around six thousand euros more due to a ten percent tariff on vehicles imported from the us. like others time shipping has been caught up in the trade war set in motion by u.s. president donald trump and countered by chinese premier g.'s and paying. more than just the movement of goods is at stake it's about influence power and world leadership in the future. john you know june founded a p.r. agency in beijing her husband jeremiah is an american the two have been married for eleven years. little has changed for them since the trade war began the only thing they've noticed is that apples in the supermarket that used to come from the u.s. now come from canada even though it doesn't have it but both are worried about the heated cons like to read between the two countries of course because people talk about another cold world did or after united states seeing something so strong i think that must mean something it seems to be kind of a strategic competitor or you know possibly even something more in the world today and i think a lot of americans have a hard

then we see dram pricing and the stock climbing.ted to back off in 2017, well ahead of the all-time high. now we see this big divergence. what investors are hoping for is a bottoming in dram pricing to support that. emma: i am taking a look at another one of the big movers today, oil. wti, crude rising. that's up 3.6% at the high today, rising above $59 a barrel and aiming at $64 for the first time this month. the reason is the big boost to demand side of things in the u.s. oil inventory report, we saw that around 12.8 billion the biggest week, decline. this is also the second week we saw u.s. inventories declined by more than had been expected. a record in crude .xports from the u.s. with the u.s.-iran standoff and rising geopolitical tensions, we are looking at an oil market that has some momentum, with futures jumping 10% in the last week or so. lisa: i want to take a look at some of the consequences of the incredible bond rally we have seen globally. bonds now are the most sensitive to a potential decline or increase in benchmar

downgrading micron to reduce from neutral saying that there is a dram oversupply.ingly, netflix literally the top stock last year, micron the worse, but this year they appear to be finding common ground, both trading down your today. vonnie: there are plenty that are higher, right? abigail: one sector in particular is standing out, gilead scientists boosted by the fundamentals around the company's drug franchise being strong. the new price target of $130 suggests that there could be an upside on the stock that has been beaten down pretty badly from its record peak last year. vonnie: thank you so much, abigail. turning now to china, increased debt will be used to fuel goals in china this year as growth slows. they said that they do expect to fall between 6.5 and 20%. with the headke of china research. have a listen. say, 6.5 to 7%, that's just not plausible. i'm sure that they are going to report that. they always report that they have achieved whatever target they set out. we think that the number is far closer to maybe 4%, that's realistic. they will continue to k

t for economy corporation and development has helped deny dram people. in many ways we supported major ali, the renewable energy, energy efficiency, or education measures of the country. and we've given 30000 people, asked us to electricity in this part of nigeria. solar energy has proved that you can use the local economy. grocers can refrigerate their goods and sell them over a longer period treats people can work more relying as they are no longer dependent on gas power generators and macs. it transport company from league us as always will set up shop here. it's developed on the bank that's able to handle conditions or nature is routes. its rental station is located right next to the solar power. these people don't have rude networks, an access to fuel station. so, um, setting up the charging infrastructure for these vehicles, right, in the heart of the call, nancy already saves them time on their models are discussed. i do have to over to get par for the vehicles. that house, you know, tremendous impact on time. save in that australia's impact on ab

really need a europe that is powerful to defend our interests and the message for me is where are you dram and where is a germany that has the ambition and the vision and the strategic thinking to respond you also have the reply all the the speech given by the german chancellor you think the german french couple is working so i'm a great admirer of transamerica but i think the problem is in the grand coalition and particularly with the bavarian c.s.u. it's actually very difficult to find a strategic onside but i would still hope for more. many say the french president is a kind of a of beacon of hope because he's so into the ethic and compassionate about europe do you agree absolutely i mean the conviction of the eloquence the coverage his message was don't be afraid have the courage to believe in europe and i think that's a really important because the message for us today because i think where a frightened continent you see also the last chance for europe because he says we don't have any time to lose you know there's never a last chance for europe we've been going for a few thousand yea

micron gets a lot of revenue from dram memory chips. renita: i am closing it out looking at the u.s. dollar climbing as global fears intensify. weaker than expected euro zone manufacturing data started to renew concerns. the greenback is mixed versus its g10 peers. , that manufacturing september data rose, signaling the u.s. economy continued to show more resilience in some sectors even though christine lagarde, will take over the ecb as president in november, said the trade dispute is the world's biggest challenge for the world economy. caroline: some breaking news which revolves around juul. california is conducting a criminal probe related to juul labs. remember, ultra has a big exposure to this and has made a big investment. we have seen all tria trading currently flat after hours. >> it goes back to the idea that governments are moving faster than companies in many ways. it is extraordinary how fast the developments of the past few weeks have been in terms of the tide's shifting against these companies. caroline: several health iss

located high in the mountains north of florence is portico dram manya the village has a small main street a few towers and a well preserved roman bridge. the nearest airport is 2 and a half hours away but tourists from all over the world still find their way to this remote village. most stay at the vecchio can vent to a family hotel that opened in 1904 in a former convent. this is what i was looking for in a little village and i didn't want to take city and this office so many activities . and giovanni committee and their family take care of the guests in the hotels 9 rooms no longer suffice other guests are spread around town according to the alberto do through so system a village hotel with a single reception desk. at broken equipment the idea of the bag go to food so as to rent out existing apartments and give the guests a taste of the area special quantities being that is. to go ahead also helps to maintain the traditional craftsman's occupations and the consequence of someone trying to communicate our love for our home region and village to the tourists and say add up or to buy is a

on the dram side it is about priming right now. in china b with you're going so see coming back online more kposty. that's going to contract some of the pricing. >> unless demand is there to pick up. >> the 33% growth in 2013 that this stock is accelerating on on the dram pricing, you're not going to get anywhere near that. you're going to get 5% this year. 1% in the outer years. you're going to need more -- >> the gavel has come down. >> incredibly cheap. i'm saying it's already priced in. folks are saying buy more here. i disagree. >> we'll leave the voting open as we discuss this on the desk. pete, i want to go to you. you've been a micron bull. >> since two cents. >> since two cents. right. >> i was the specialist on this when i was on the options floor. >> do you agree there's too much bullish sentiment in this stock. >> no. >> gloming on here after a huge run this year? >> i don't think there's enough. i think there's a lot of late folks coming to this name finally that actually are starting to understand the story. if you lo

i didn't learn much, just for euros, or a 405060 drams a day. that can be done. the i did again, i spend half my life on the street. i don't know how things are going to turn out. it may end well or it may end badly. good had did in my might even die words out of me. ah ah oh, i actually did it when i got here. so i called my mom to tell her that i was okay a little behind. but she knew that i'd make it because i'm already a young man that she'd love to see me again. he has done that. she's waiting for me to come back. and when i do, she'll say my son acted like a real man. me a long day and a lot of my relatives have called me to find out how far i've gotten, how they'll start calling again soon. and i'll tell them that i'm headed for madrid . god willing me ah ah ah ah, ah, the better for this when i got off the bus yesterday, i had no idea where i should go. i found the moroccans and they helped me. i do need, i got something to eat. and then i went to the juvenile center, just need some friends. and they gave me a few clothes from that. and then we walked aro

ra pinion, and the german federal ministry for economy corporation and development has helped deny dram people. in many ways we supported major ali, their renewable energy, energy efficiency, or education measures off the country. and we've given 30000 people, asked us to electricity in this part of nigeria, solar energy has proved that we can use the local economy. grocers can refrigerate their goods and sell them over a longer period treats people can work more reliably, as they are no longer dependent on gas power generators, and macs. it transport company from league us as also set up shop here. it's developed on the bank that's able to handle conditions on nigerians routes. its rental station is located right next to the philippa. these people don't have road networks, an access to fuel station. so, um, setting up the charging infrastructure for these vehicles, right? in the heart of the call, nancy already saves them time on their models or the discounts that they will have to cover to get pos for the vehicles. that house, you know, tremendous impact on time. save in that australi

many use dram attic words what if you had to return to turkey. some are went as far as saying they would kill themselves on-the-spot because they have nothing left any more. they banked everything on this trip to western europe. for them this is a point of no return. we have to wait and see if the agreement has to do with those who are making their way, who are about to arrive in greece or that also clues the 36,000 who are already in greece >>> thank you for giving us that update from idomeni on the greek-macedonia border. we're taking you live to tunis. the prime minister is speaking on that attack which killed at least 53 people on the border with libya. he is answering journalists questions. let's listen in for a moment. >> what about the number of those people? >> translation: thank you. regarding those who attacked the camp, they were not in a mosque. they were in other places and they wrp waiting for a signal to start the operation and the attack. they were near the camp and i want to make this clear regarding the policy of the government

machine, the state aren't russia today, and ortiz spoke back to even our video agency, roughly all dram, to on youtube. a question, did you see it with the just archipelago home of the to go san diego garcia, the largest island in new york and pal ago is now the location of a very large u. s. military. oh, you could go the magic hour. a u. s. government to make a military base and just defaulted or the chunk of some people from their country. so they call it returned back on the island. no, no, but we are fighting. that's why i'm fat. we'll fighting for the right. so i, we do not consider the right to self determination actually applies to the trickle . since i don't the question of self determination, the legal advice we have received is actually that should go, since we're not at all, not a people. for me, it's done to move on and see what we can do. a for the child said community to return back home is knowledge support from the imagination type mission, african united nish. i don't care about douglas, said people when i was shown the wrong one, i just don't hold any world that he ha

human and the german for graham reduced fee for economy corporation and development has helped deny dram people. in many ways we supported major ali, the renewable energy, energy efficiency, or education measures of the country. and we've given 30000 people, asked us to electricity in this part of nigeria. solar energy has proved that we can use the local economy. grocers can refrigerate their goods and sell them over a longer period treats people can work more reliably, as they're no longer dependent on gas power, generators, and macs. it transport company from league us as always we'll set up shop here. it's developed on the bank that's able to handle conditions on nature is routes. its rental station is located right next to the solar power. these people don't have rudeness watson access to fuel station. so, um, setting up the charging infrastructure for these vehicles, right, in the heart of the call, nancy already saves them time on their models are discussed. i do have to over to get par for the vehicles. that house, you know, tremendous impact on time. save in that us dramas. in p

human and the german for graham reduced fee for economy corporation and development has helped deny dram people. in many ways we supported major ali, the renewable energy, energy efficiency, or education measures of the country. and we've given 30000 people are so silly tricity in this part of nigeria, solar energy has proved that you can use the local economy. grocers can refrigerate their goods and sell them over a longer period treats people can work more relying as they are no longer dependent on gas power generators and macs. it transport company from league us as owners will set up shop here. it's developed on the bank that's able to handle conditions or nature else, routes. its rental station is located right next to the solar power. these people don't have rude networks, an access to fuel station. so, um, setting up the charging infrastructure for these vehicles, right, in the heart of the call, nancy already saves them time on their models are discussed. i do have to over to get par for the vehicles. that house, you know, tremendous impact on time. save in that australia's impac